![Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/tolerance-band-sale-price-stamp-duty-valuation-ITAT-Taxscan.jpg "Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]")
Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the benefit of higher tolerance band of 10% for difference between the sale price of...
![ITAT orders Dubai-based executive of HDFC Bank to pay Tax on ESOPs in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Employee-Stock-Exchange-Plan-ITAT-Dubai-based-executive-of-HDFC-Bank-ESOPs-in-India-Taxscan.jpg "ITAT orders Dubai-based executive of HDFC Bank to pay Tax on ESOPs in India [Read Order]")
![Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Cess-computing-income-profits-gains-of-business-ITAT-Taxscan-1.jpg "Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]")
![Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]")
![Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Rental-Expenses-ITAT-Taxscan.jpg "Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]")
Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai in Dy. Commissioner of Income Tax vs. M/s. Deloitte Touche Tohmatsu held that when the Tax Rates applicable in both the years is same there is no...
![Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Tax-Rates-Taxscan.jpg "Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]")
![Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Expenditure-Club-Membership-Fees-Deloitte-Taxscan.jpg "Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]")
Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that booking of an under-construction flat is a case of construction and not a purchase. The bench comprising of Judicial Member...
![Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Under-Construction-Flats-Taxscan.jpg "Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]")
Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal Mumbai bench recently pronounced that Export incentives are not Includable while computing eligible profits for deduction under Section 80IC of the Income Tax Act,...
![Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Export-Incentive-ITAT-Taxscan.jpg "Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]")
![No Penalty If Assessee made Bonafide Mistake in Returns and Revised the same Later: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee made Bonafide Mistake in Returns and Revised the same Later: ITAT [Read Order]")